Analysis of the development trend of mahogany furniture

The mahogany furniture market in China is affected by the global and domestic economic environment. The overall sales have declined significantly and SMEs are struggling. In the coming year, will the market of Hongmu continue to fall, or will it recover steadily?

Global economy stabilizes and Asian economy tends to be strong

The outlook for the global economy will be improved this year according to the judgment of the international currency organization. More and more evidence shows that global economic activities will be strengthened in the second half of this year. In Asia, the International Monetary Statistics Group predicts that this year's Asian economic growth will be strong. The overall growth in the Asia Pacific region may reach 6%, which is basically the same as last year.

China's economy slowed in the first half of the year and stabilized in the second half of the year

The external economic situation in China tends to be stable, showing an upward trend, but there are still many uncertainties. In the first quarter of this year, China's GDP slowed to 8.1%. However, with the relaxation of domestic policies and the improvement of the global economic environment, the Chinese economy is expected to rebound strongly after the slowdown in the second half of the year.

The mahogany furniture market is mixed

At the end of 2011, sales of Xinhui's classical furniture market fell sharply, by 15 to 25 percentage points year-on-year. In the first quarter of 2012, its overall sales fell further, and many companies were unable to make ends meet, which seriously affected the development of enterprises and the industry.

Under the overall economic downturn, sales of mahogany furniture were the most affected in the furniture market. As a high-end product of the furniture market, mahogany furniture can be part of luxury goods. For these high-end mahogany furniture, the production capacity is small, the materials are expensive, and the market demand is high. Even if the products are not sold temporarily, the strength manufacturers are not worried. Because furniture will not depreciate, and other market conditions improve, no sales. For those companies without brands, due to their relatively low-grade materials and rough processing, the impact will be fatal.

The economy rebounded after it rebounded

The Chinese economy is still developing at a rapid rate and rigid demand remains strong. A brief fall is precisely the opportunity for development. Many companies do not pay attention to the brand and quality at ordinary times, and they can maintain the environment when they are in good condition. They are struggling to meet economic downturns, and they are less able to grasp opportunities. Xinhui Forestwood Classical Furniture Factory, regardless of furniture quality, or production scale in the local standings, furniture sales once difficult; last year began to participate in the annual China Redwood Classic Furniture Exhibition, driving forest furniture throughout the year Sales, the current poor environment, business orders are still endless. There is no good product, but also a good brand effect and smooth sales channels, it can be considered a complete sales system.

The ups and downs of economic development are normal phenomena in social development. Prepared enterprises can grasp the pulse of the overall economic development and use economic laws to grow rapidly. Of course, only by doing a good job of your own products and doing your own brand will you be able to seize the opportunity and be invincible.